The supervisory approach to anti-money laundering: an analysis of the Joint Working Group’s reflection paper
On August 31 2018, a Joint Working Group consisting of representatives of the European Central Bank, the European Commission and the European Supervisory Agencies published a document entitled ‘Reflection paper on possible elements of a Roadmap for seamless cooperation between Anti Money Laundering and Prudential Supervisors in the European Union’. The reflection paper straightforwardly calls for additional resources to be made available to the European Banking Authority to counter money laundering. Suggestions for better cooperation and information sharing among anti-money laundering and prudential supervisors, however, risk being ineffective, as long as the underlying incentives to engage in international regulatory competition towards low enforcement of anti-money laundering standards are not addressed. To eliminate the potential for regulatory competition, anti-money laundering supervision needs to be raised to a European level.
Analyse approfondie
Auteur externe
H.Huizinga
À propos de ce document
Type de publication
Domaine politique
Mot-clé
- blanchiment d'argent
- DROIT
- droit pénal
- délit économique
- FINANCES
- fraude fiscale
- GÉOGRAPHIE
- géographie économique
- information et traitement de l'information
- institutions financières et crédit
- libre circulation des capitaux
- lutte contre le crime
- monnaie électronique
- politique commerciale
- QUESTIONS SOCIALES
- surveillance du marché
- système bancaire
- transaction financière
- vie sociale
- échange d'information
- ÉCHANGES ÉCONOMIQUES ET COMMERCIAUX
- économie monétaire
- ÉDUCATION ET COMMUNICATION
- État membre UE